{"ky":209364,"docuLanguageResource":{"ky":677938,"title":"Remarks by Commissioner Šefčovič on the New Strategic EU-India Agenda at the College readout","subtitle":"Remarks by Commissioner Šefčovič on the New Strategic EU-India Agenda at the College readout","htmlContent":"

Thank you, Madam High-Representative [dear Kaja]. Trade is one of the cornerstones of the EU-India Strategic Agenda – and it is essential to maintain steady efforts on both sides to strengthen the momentum.

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Trade between our economies has grown by 90% over the past decade.

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In 2024, we traded goods worth some 120 billion euros, making the European Union India's largest trading partner, ahead of the U.S. and China.

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Over 6,000 European companies now operate in India, employing 2 million people directly, and supporting another 6 million jobs indirectly.

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In just five years, EU investment in India has nearly doubled to 140 billion euros, making us one of India's top investors.

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And yet, we have only scratched the surface.

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A commercially meaningful EU-India Free Trade Agreement would unlock vast potential. By tackling both tariff and non-tariff barriers, we can drive new waves of trade and investment, strengthen our supply chains, and help safeguard open, rules-based global commerce.

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Our shared ambition is clear: to conclude negotiations by the end of this year. But as always, steady determination will be key – and we still have some ground to cover.

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As you know, I travelled to India last week – my third visit this year – in an effort to advance the negotiations, which have now reached 13 rounds.

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I must admit, however, that I had hoped for more progress.

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I remain in frequent contact with my counterpart, Minister Goyal, as there is undoubtedly much to gain – for both the EU and India – if we get this right.

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Thank you.

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